Latest Breaking News On - E are still optimistic that philippine growth will further accelerate and get back on its trajectory of 6 7 percent in 2022 - Page 1 : comparemela.com

MANILA - The Philippine economy is expected to return to its 6 to 7-percent growth trajectory in 2022 after nearly two years of grappling with the pandemic despite the threat of the Omicron variant, according to the investment banking arm of the Metrobank Group. First Metro Investment Corporation (FMIC) said this year's economic growth will be driven by sustained domestic demand, easing inflation, election expenditures, and accelerated government spending on infrastructure projects. "Notwithstanding the ongoing pandemic, and Omicron sparking the third wave of infections, we are still optimistic that Philippine growth will further accelerate and get back on its trajectory of 6-7 percent in 2022," FMIC president Jose Patricio Dumlao said in a virtual briefing Tuesday. Dumlao said the economy registered a 4.9-percent growth in the first three quarters of 2021 and the growth momentum likely spilled over in the fourth quarter given further economic reopening and easing mobilit

Jose patricio dumlaoVictor abolaFrancisco sebastianFirst metro investment corporationUniversity of asiaMetrobank groupMetro investment corporationManila the philippine economy is expected to return its 6 7 percent growth trajectory in 2022 after nearly two years of grappling with pandemic despite threat omicron variantCcording to the investment banking arm of metrobank group first metro corporation fmic said this year 39s economic growth will be driven by sustained domestic demandEasing inflationElection expendituresNd accelerated government spending on infrastructure projects quot notwithstanding the ongoing pandemicNd omicron sparking the third wave of infectionsE are still optimistic that philippine growth will further accelerate and get back on its trajectory of 6 7 percent in 2022Uot fmic president jose patricio dumlao said ina virtual briefing tuesday the economy registereda 4 9 percent growth in first three quarters of 2021 and momentum likely spilled over fourth quarter given further economic reopening easing mobility restrictions he added business consumer confidence are also cautiously positive wider availability vaccines relaxation lockdownsQuarantine measures